China blockchain explainer: What is BSN?

China blockchain explainer: What is BSN?

China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to boost its capabilities in the sector. Yuichiro Chino | Time | Getty Images Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology. In a speech in 2019, … Read more

FBI Arrests NY Crypto Platform EminiFX CEO for Alleged Fraud

Slumping cryptocurrencies have not only had to deal with plummeting values ​​lately, but authorities are uncovering more and more crypto crimes that are adding to the industry’s bad name. US tax authorities have said they were following 50 separate leads into scams involving nonfungible tokens and other aspects of the crypto industry. Tax investigators also … Read more

Cryptocurrency luna crashes to $0 as UST falls from peg; bitcoin rises

The sister token of controversial stablecoin TerraUSD is now basically worthless. Luna plunged to $0 Friday, according to data from CoinGecko, marking a stunning collapse for a cryptocurrency that at one point was worth more than $100. The demise of controversial stablecoin venture Terra has resulted in a meltdown in the crypto market, which erased … Read more

Regulators anxious about stablecoins like tether after UST collapse

The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSDan “algorithmic” stablecoin that’s meant to be pegged one-to-one with the U.S. dollarhas erased much of its value this week after a … Read more

Bitcoin Prices Rally More Than 20% After Market Rout-Here’s Why

Bitcoin prices bounced back today, after falling below $25,500 yesterday. getty Bitcoin prices have bounced back lately, climbing more than 20% in under 48 hours after approaching the $25,000 level. The digital currency, which is the largest when measured in terms of total market value, climbed to nearly $31,000 earlier today, CoinDesk Figures show. At … Read more

Stocks Higher, Elon Musk, Twitter, Bitcoin, GE – 5 Things To Know

Here are five things you must know for Friday, May 13: 1. — Stock Futures Moved Higher As Powell Rate Soothe Rate Betting Bulls US equity moved higher Friday, potentially snapping a six-day losing streak for the Dow, as investors looked to an ease in market volatility amid stabilizing cryptocurrency prices and detailed comments on … Read more

Coinbase loses half its value in a week as crypto slumps

SILVER SPRING, Md. (AP) — Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales … Read more

Tether (USDT) stablecoin regains peg after $3 billion in withdrawals

Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tetherthe world’s largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day. The cryptocurrency — which is … Read more

A Global Energy Shortage Is Putting Bitcoin Under Pressure

It has been a difficult start to the year for crypto markets and, as prices have plunged, the industry’s energy consumption has come back into the spotlight. Crypto miners are racing to make digital currencies greener by using renewable energy sources to power operations, while others head to gas sites to use waste carbon for … Read more

Crypto investors panic amid digital coin, bitcoin crash

Crypto investors were panicking on Thursday as bitcoin and other digital coins continued to plummet. Victims of the bloodbath — which comes amid a broader stock market rout — range from the billionaire crypto titans who run leading marketplaces such as Coinbase and Binance to lowly retail investors who have poured their life savings into … Read more